How Manmohan Singh defended landmark 1991 budget
Millennium Post Kolkata|Kolkata 28 December 2024
Manmohan Singh's historic reforms not only rescued India from near bankruptcy but also redefined its trajectory as a rising global power

NEW DELHI: Manmohan Singh, the architect of India's economic reforms, had to literally face a trial-by-fire to ensure widespread acceptance of his path-breaking 1991 Union budget that saw the nation rise from its darkest financial crises.

Singh, the newly-appointed finance minister in the PV Narasimha Rao-led government, did it with great elan — from facing journalists at a post-budget press conference to irate Congress leaders unable to digest the wide-ranging reforms at the parliamentary party meeting.

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